Cadence (
CDNS) is reporting earnings tomorrow before the market opens, and honestly… this one might surprise.
Last quarter they not only beat expectations but also raised guidance — that’s no small thing. Since then, the stock has been consolidating nicely around the $160 zone. The chart looks solid: low volume pullbacks, RSI cooling off, and MACD looks ready to flip bullish.
If they deliver again (or just hold strong forward guidance), we could see a clean breakout toward $170+.
🟢 My game plan:
— Entry if it breaks $162 with volume
— Stop at $158
— Target $170–$175
Not financial advice — just what I’m seeing. The setup looks good and the risk is well-controlled.
What’s your take?
CDNS) is reporting earnings tomorrow before the market opens, and honestly… this one might surprise.Last quarter they not only beat expectations but also raised guidance — that’s no small thing. Since then, the stock has been consolidating nicely around the $160 zone. The chart looks solid: low volume pullbacks, RSI cooling off, and MACD looks ready to flip bullish.
If they deliver again (or just hold strong forward guidance), we could see a clean breakout toward $170+.
🟢 My game plan:
— Entry if it breaks $162 with volume
— Stop at $158
— Target $170–$175
Not financial advice — just what I’m seeing. The setup looks good and the risk is well-controlled.
What’s your take?
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.